Menzies acquisition secures foothold in Canadian air freight market

Menzies Aviation has broken into the Canadian air freight market with the acquisition of GTO Global Logistics. Freightwaves reports that the Vancouver-based operator will be integrated into the forwarding arm of Air Menzies International (AMI). While no price was disclosed, financial results suggested it could be around the £1.9m mark. Meanwhile, volumes at Vancouver International have risen 50% in the last five years, and last year stood behind only Toronto …